Kal's MTF OBV Haar Version 3

6 thg 9, 2020

Kal’s Multi-Time-Frame On-Balance-Volume Haar, also known as Kal’s MTF OBV Haar is a method/study for finding trending volume levels on stocks, indexes and cryptocurrencies using OBV, CMF and CCI over different time-frames (10Min, 1H, 4H, 1D, 1W, 1Month).

Upon adding to the 10Min chart, the sample Image in Tradingview looks as follows:



Note: Always check your time-frame(TF). Compare current TF to a row’s(bead row’s) time-frame. Ensure current TF is lower than a row’s time-frame when looking at it and higher time-frame rows above it. For instance, if you choose your chart’s time-frame at 1D, the lower time-frame rows(i.e. 10Min, 1H, 4H) don’t make sense.

• For cryptocurrencies, one week is 7 periods, two weeks is 14 periods
  
• For stocks, one week is 5 periods, two weeks is 10 periods
  

For the study of stocks, I used

• 9-period EMA over OBV for time-frames (10Min, 1H, 4H, D)
  
• 4-period EMA over OBV for time-frames (W, M)
  

For the study of cryptocurrencies, I would update EMAs as follows:

• 13-period EMA over OBV for time-frames (10Min, 1H, 4H, D)
  
• 6-period EMA over OBV for time-frames (W, M)
  

These days I'm finding the following parameters have better fitting

• 19-period EMA over OBV for time-frames (10Min, 1H, 4H, D)
  
• 9-period EMA over OBV for time-frames (W, M)
  

Description:
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In the study plot, the lowest row is 10Min, the row above 10Min is 1H, then 4H, then 1D, then 1W and the highest row is 1M

Note: Always check your time-frame(TF). Compare current TF to a row’s(bead row’s) time-frame. Ensure current TF is lower than a row’s time-frame when looking at it and higher time-frame rows above it. For instance, if you choose your chart’s time-frame at 1D, the lower time-frame rows(i.e. 10Min, 1H, 4H) don’t make sense.

• Lime( Bright Green) dot implies Trending Uptrend for that time-frame
  
• Red dot implies Trending Downward for that time-frame
  

It’s best to wait and research for possibility of Trend Reversal during the following dots/bricks:

• Silver dot implies indecisive up
  
• Orange dot implies indecisive downtrend
  

• Lime Brick implies CCI is near Zero line( between 15 and 0)
  
• Red Brick implies CCI is near Zero line( between -15 and 0)
  

• Purple dot implies CCI zero rejection to possibly/probably continue trend UP
  
• Yellow dot implies CCI zero rejection to possibly/probably continue trend Down
  

*Aqua dot implies that trend is overbought or oversold. This dot usually happens between red dots or green dots. Therefore, it’s best to wait for pull-back especially in lower time frames.

Safe Trading!
Kal Gandikota
Legal Disclaimer: This script is published here so I get replies from fellow viewers to educate myself. Hence, if anyone uses this script for making their financial decisions, I am not responsible for any failures incurred. If you have questions or improvements related to this script, please feel free to leave comments and as time permits, will respond to those comments.